Verdant Regeneration has secured outline planning application for the redevelopment of the 200-acre New Stanton Park, J.25 M1, with the potential to deliver up to 4,000 jobs.
Verdant Regeneration submitted an outline planning application in late 2021 for the redevelopment of part of the former Stanton iron works, to be known as New Stanton Park, with the scheme set to deliver c.2.6 million sq ft of new build high quality warehouse and industrial space, having the ability to deliver a single building in excess of c.1 million sq ft.
The new development situated between Derby and Nottingham, just 2.5 miles from the M1, is being jointly marketed by M1 Agency and TBD Real Estate.
David Grier of Verdant Regeneration commented “Having acquired the site in 2020, we have worked hard across the team to quickly bring forward an outline planning application on what is one of the largest regeneration projects within the region. We are delighted to have now successfully secured outline planning consent and thank Erewash Borough Council for the professional manner and efficiency in which they have dealt with the planning application.
New Stanton Park offers an excellent strategic location, blending an active rail connection with strong private and public transport connectivity, plentiful labour and a large and significant power supply. When combined, we are confident this will result in a highly successful development with the next chapter set to positively transform and improve the area, bringing forward large scale job creation in the process”.